US Edition
Diageo to replace chief executive Debra Crew after share price slump
LONDON, UNITED KINGDOM, JUL 16 – Debra Crew leaves after a two-year tenure marked by a 44% share price drop and declining sales; CFO Nik Jhangiani appointed interim CEO during a search for a permanent leader.
- Diageo's CEO Debra Crew stepped down with immediate effect on 17 July 2025, and CFO Nik Jhangiani took over as interim CEO.
- Crew's departure came after a difficult two-year period that began in mid-2023, when she succeeded the late Sir Ivan Menezes, who had led the company for many years before his unexpected passing.
- During Crew's leadership, Diageo faced declining sales amid changing drinking habits, a drop in key brand performance, and a $500 million cost-cutting plan revealed in May 2025.
- Despite setbacks, Guinness sales rose 13%, but Diageo's shares dropped about 44% since Crew became CEO, and the company denied allegations in a tequila labeling lawsuit.
- The board commended Crew for navigating the company through post-pandemic uncertainties, announced plans for an extensive CEO recruitment process, and confirmed they will uphold their financial projections for the next two fiscal years despite ongoing market difficulties.
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38 Articles
Diageo boss Debra Crew steps down after board decision for her to go.
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Coverage Details
Total News Sources38
Leaning Left5Leaning Right2Center8Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 33%
C 53%
13%
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